San Francisco Condominiums: Market Update [video] – May 2015

This video is part of the SFhotlist Monthly Market Update Video Series. Each week, we provide you with a short video with updated information about San Francisco real estate and the neighborhoods you love. Let us know if there is something specific you’d like to know.

San Francisco Condominiums – Real Estate Market Update – May 2015

Let’s take a look at San Francisco condominiums this past May.

The number of active listings was down 22% from one year earlier and was down 3% from the previous month.

The median listing price for the month was just under $1.15 million. Compared to last year, San Francisco condominiums are moving faster. The average number of days units spent on the market before being sold was up 7%.

Inventory continues to be low – the number of units sold decreased 9% year-over-year and increased 4% month-over-month.

The Take Home

Number of active listings: Down 22% year-over-year

Number of active listings: Down 3% month-over-month

Median listing price: Just under $1.15 million

Average number of days on the market before sale: Up 7%

If you, a friend, or a colleague is interested in buying San Francisco condominiums, let’s talk about it. We’ll find a property you’ll love.